Scarborough Channel Islands moves Home
The amalgamation of Scarborough Channel Islands Limited and Skipton Guernsey Limited moved a step closer with the announcement that Scarborough Channel Islands have relocated to join their Skipton Guernsey colleagues at Fairbairn House, Rohais, St Peter Port.
Subject to regulatory approval, Skipton Guernsey and Scarborough Channel Islands are expected to amalgamate at the end of September this year to form a single specialist savings and mortgage bank on Guernsey.
As is the case now, savers in the new combined Guernsey bank will be reassured to know that the local entity is a subsidiary of the fifth largest Building Society in the UK, with approximately 860,000 members, backed by over £16bn of assets.
19 July 2011
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05 July 2011
Olympics Hopeful Joins Skipton Swimarathon
Olympic hopeful Ian Powell joins Skipton Swimarathon as Ambassador
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23 May 2011
Jersey House Prices continue flat trend
Average price of houses and flats sold in the first quarter of 2011 similar to the whole of 2010.
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16 May 2011
Guernsey House Prices increase
House prices in Guernsey have increased and volumes broadly stable
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European Union Savings Tax Directive
Information for all EU Residents (including the UK)
This communication outlines the changes implemented, by the Government of Guernsey, on 1 January 2011, to the EU Savings Tax Directive ("The Directive").
Automatic Exchange of Information
If you are resident in the EU (including the UK) gross interest will be paid to you and be subject to an automatic exchange of information with The Guernsey Income Tax Authority. This report will detail your full name, postal address, account number/s, date of birth, place of birth, tax identification number (if known) and the amount of interest added to your account/s. Thereafter this will be forwarded to the tax authorities in your country of residence.
If you are deemed to be "non-domiciled" for tax purposes in your country of residence, we may be able to pay you gross interest without the need to submit an exchange of information report. To arrange this we require confirmation of your tax status, e.g. a letter issued by the tax authorities in your country of residence or accountants.
Non EU residents will continue to receive gross interest and it remains the responsibility of individual investors to disclose the interest earned on their accounts to the relevant tax authorities.
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